Executive Bonus Insurance

Next Steps

Call 800-960-7914

In this bonus program, an executive's bonus dollars can be used to purchase a tax-deferred life insurance policy of which the executive is the owner and beneficiary. The premiums paid with the bonus are tax-deductible for your company, taxable to the executive – however the bonus plan may be structured to offset these taxes due on the bonus.

Employer Benefits

Usually requires no IRS approval

Design and implementation is simple and administrative costs are minimal

Can be terminated at any time pursuant only to the terms of the agreement

Employee Benefits

Can be custom designed to meet individual needs

Life insurance policy cash value accumulates tax-deferred

With proper structuring, federal tax-free income can be received from the life insurance policy cash value through withdrawals and loans

The policy is portable and can be maintained after termination of the executive bonus arrangement or termination of employment

Insurance Products

Not A Deposit

Not Guaranteed By The Bank Or Its Affiliates

Not FDIC Insured

Not Insured By Any Federal Government Agency

May Go Down In Value

May Be Purchased From Any Agent or Company and the Customer's ChoiceWill Not Affect Current or Future Credit Decisions

Personal and business insurance products are available through First Horizon Insurance Services, Inc. (FHIS), a subsidiary of First Tennessee Bank National Association (FTB). CA License #OD12174. In Tennessee and Mississippi, personal and business insurance products are available through First Tennessee Insurance Services, Inc. (FTIS), a subsidiary of FTB. FTIS and FHIS may transact insurance business only in the states where they are licensed or where they are excluded or exempted from state insurance licensing requirements.